Have You Ever Dreamed of Owning Your Own Business? Are You A Business Owner Without a Succession Plan? Are You Looking for Away to Invest In a Local Business?

The A.S.A.P. Committee - (A)pprenticeship (S)uccession (A)cquisition (P)lanning - was created as a networking system to bring together mature business owners, entrepreneurs, and venture capital. It is our goal to be a central point of contact for all parties involved in transitioning a business from one generation to the next. A.S.A.P. can also offer counseling in order to help establish the relationship between all parties. Beyond the initial hand shake we believe that a well thought out Apprenticeship, Acquisition Loan, and Capital Purchase must be established to ensure the success of the transition.

Our Mission

ASAP serves to provide the bridge between “exiting” business owners and young entrepreneurs by providing intellectual and currency capital. ASAP strives to foster economic development by encouraging organic growth for our community through the continuation and expansion of locally-owned businesses.

Vision and Values

• Keep local business ownership local.
• Provide viable succession planning for mature business with that pressing need.
• Provide those with economic need the financial assistance to acquire an established business.
• Provide benefactors of the community the ability to invest in their community and their legacy.
• Provide an efficient and orderly program for transferring business ownership.
• Protect the confidentiality of all our clients by handling their personal, financial, and intellectual information in a professional and discrete manner.
• Facilitate the training and development of the new business owner to ensure their success in their new venture.

Definitions

Business Owners:
An established business owner within three years of retirement or selling out. Business owner does not have family or current employees able to buy the business. Companies in need of succession planning.

Entrepreneurs:
Person or Persons with strong desire for active business ownership. Willing to participate in an apprenticeship.
Must demonstrate a balance of financial need and financial stability.

Venture Capitalist:
Interested in investing in their community. Interested in investing in their legacy. Desire watching local business flourish due to their support.

Apprenticeship Program:
A flexible series of guidelines, giving consideration to the specific business and to the back ground of the prospective buyer, to aid the Business Owner in establishing a program to select, train, and transition to the Entrepreneur.

Capital Purchase:
At the onset of the apprenticeship the Business Owner, Entrepreneur, and Venture Capital will all agree upon and sign to a purchase price, payment method, and adjustment tolerances.

Acquisition Loan:
Financing of the Capital Purchase will be in the form of a loan between Venture Capital and the Entrepreneur within the negotiated & agreed upon terms.

Committee Members
Bill Bowers, Robb Quigg, Dan Schmidt, Angela Crawford, and Landon Coyle

Contact Us

E-mail:asap@richmondyap.com